Investments that previously went only to the
oil industry, have been redirected to other areas, according to
Siluanov.

“We now see that other spheres besides the oil industry can
be developed as well. We have started effectively investing in
the development of the so-called trade spheres such as
agriculture, chemicals and oil products, that were not
competitive before.”

In 2015, the ruble has
compensated for a part of the losses it suffered last year. It
was acknowledged the world’s best performing currency in 2015
after losing about 46 percent last year. At certain points the
Russian currency continued to grow despite crude falling, which
showed the link between the currency and oil prices was
weakening.